Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
36. 

With which of the following company SBI Life Insurance signs corporate agency agreement to provide SBI Life's range of products to its customers?

A. Bajaj Finserv
B. Repco Home Finance
C. LIC Housing Finance
D. PNB Housing Finance Limited

Answer: Option B

Explanation:

Repco Home Finance Ltd (RHFL ),an Indian banking and financial services company has signed corporate agency agreement with SBI (State Bank of India) Life Insurance, a leading life insurance company in India to provide SBI Life's range of products to its customers. SBI Life Insurance will now be available in RHFL's over 148 branches and 27 satellite centres of RHFL spread across the country. Through this partnership, SBI Life Insurance will reach its product offers and enable more new customers across geographies to meet their diverse insurance needs.

37. 

Which organization has signed an MoU with New Jersey City University (NJCU) and Choose New Jersey for the purpose of promoting technology and technology-based investment exchanges between India and New Jersey?

A. Confederation of Indian Industry(CII)
B. Data Security Council of India(DSCI)
C. NASSCOM
D. TiE Mumbai

Answer: Option D

Explanation:

TiE Mumbai, which is a not-for-profit network of entrepreneurs, New Jersey City University (NJCU) and Choose New Jersey which is a privately funded non-profit economic development organization, entered into an MoU for the purpose of promoting technology and technology-based investment exchanges between India and New Jersey. The MoU was signed by Atul Nishar, President of TiE Mumbai, Tamara Cunningham, Assistant Vice President for Global Initiatives of the New Jersey university and Margie Piliere, Chief Economic Development Officer at Choose New Jersey.

38. 

What is the maximum amount that an account holder of Punjab and Maharashtra Co-operative Bank Limited (PMC) can withdraw after prohibition on business transaction from RBI?

A. 10000
B. 5000
C. 3000
D. 1000

Answer: Option D

Explanation:

On September 23, 2019, The country's central bank, Reserve Bank of India (RBI) has prohibited Punjab and Maharashtra Co-operative Bank Limited (PMC) on business transactions of any kind for the next 6 months following the detection of alleged irregularities.

39. 

Which of the following company has signed its co-origination loan agreement with the Bank of Maharashtra?

A. Tata Capital
B. Reliance Capital
C. Paisalo Digital
D. Magma Fincorp

Answer: Option C

Explanation:

Paisalo Digital has signed its co-origination loan agreement with the Bank of Maharashtra. This is Company's second Co-origination Agreement with any Bank, before Bank of Maharashtra, the company has already signed a co-origination loan agreement with State Bank of India.

40. 

Who has tied up with Bharti AXA Life Insurance to offer a pre-paid plan with insurance protection cover for its customers?

A. Bharti Airtel
B. Jio
C. BSNL
D. Vodafone Idea

Answer: Option A

Explanation:

Bharti Airtel has tied up with Bharti AXA Life Insurance to offer a pre-paid plan with insurance protection cover for its customers, as part of its strategy to leverage the deep penetration of mobile services to build a financially secure India. Airtel has come up with an innovative ₹599 pre-paid bundle with offers ₹4 lakh life insurance cover from Bharti AXA Life Insurance. The recharge comes with a validity of 84 days, and the insurance cover continues automatically for three months with every recharge.